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Rock-bottom interest rates and record employment levels have helped people to
keep on top of their mortgage payments, but concerns are growing that some
households are not factoring in the prospect of an early rise in rates.

The number of mortgages in arrears of 2.5 per cent or more of the balance
stood at 131,400 at the end of June, the equivalent of 1.18 per cent of all
loans for house purchase, according to the Council of Mortgage Lenders
(CML). This was the lowest level since 2008 and down from 138,200 three
months earlier.